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Trends in AI: Should You View Data as a Product?

Planview

Historically, companies had two approaches to deriving value from data. Some companies used a grassroots approach, where individual people and teams mined their own data stores for insights as needed. Neither can handle the amount of data coming in from customers and internal operations. The problems with those approaches?

Data 72
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Change the Bank: banking industry rules are changing

mjvinnovation

We have already mentioned the importance of the cycle of Run the Bank to Change of Bank and how urgent it is to monitor these transitions to remain competitive. Open Banking is a game-changer that alters the entire configuration of the banking sector. Why then, is there still resistance to Changing the Bank?

Change 52
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Open Banking: what changes in terms of our relationship with money?

mjvinnovation

a bank that provides delightful experiences combining emotions and finance may seem strange, but we’ll prove that that’s not necessarily true. And not only that: in the meantime, Open Banking has become regulated, which has dramatically affected banks and financial institutions. Nor can banks be.

Change 52
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Future Banking: what will bank agencies look like in the future?

mjvinnovation

It is impossible to talk about the future of banks without first mentioning the last major transformation in the sector, caused by fintechs. With a natural opening of a new phase in the banking sector, the role of financial agencies in the future of consumption needs to be rethought. Mobile Banking: the future and present of branches.

Agile 52
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UX for banking: journey + usability + technology

mjvinnovation

This is an experience design process that plans, identifies, and subscribes to the implementation of the necessary value differentials that a brand requires to create a sustainable competitive advantage. With the regulation of Open Banking and data sharing by financial institutions, UX becomes an invaluable tool.

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Application of advanced analytics and machine learning in the banking industry

hackerearth

Banks have always been custodian of customer data, but they lack the technological and analytical capability to derive value from the data. On the other hand, fintech companies have the analytical capabilities and, thanks to payments services directives, they now have access to valuable data.

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Intentionality and the Differentiating Competitive Advantage 

Planview

It examines anonymized data from over 3600 value streams, representing over 38K individuals across the value chain from ideation to value. To my knowledge, we are the only organization with access to such a large and complex value stream data set. They have that awareness, and they organize around it. They design for speed of business.